The idle ramblings of a devoted space and science fiction nut who also happens to write.

Saturday, January 05, 2008

Is the tech bubble coming to an end?

Over the past few years, we have seen once again the rise of the enormous beast that is the Technology Stock Bubble. But as in 2001, we are beginning to see signs that all is not well in wonderland.

Over the past week, Google has lost two high profile executives. Not because they went somewhere else, but because they got out, got their money and ran. Now they dont have to work another day in their lives really.

Before that several other companies lost people to one thing or another. It seems that Google, Amazon, and Yahoo are no longer must have jobs. The job listings seem to get longer and the wait to get hired longer, so many people on the outside are looking elsewhere. But if the people on the inside are also looking elsewhere, it means that something must be coming that none of us can really fore see.

A downturn in the market one might ask? Well, the bubble has run 7 years from the last downturn when all of the stocks hit rock bottom. And with technology companies being worth as much or more than traditional manufacturing companies, it is time to look at the possibility that within the next year or so, we could be looking at 2000/2001 all over again.

While I am no expert in financial matters, I do know that when the rats start to leave the ship it must be sinking.